Uttar Pradesh government Rs 6,000 crore set aside for land acquisition

In a transfer to spice up deliberate industrialisation and urbanisation, the Uttar Pradesh authorities has earmarked practically Rs 6,000 crore for land acquisition throughout the state.

The quantity can be spent on buying land parcels from farmers and landowners within the arid Bundelkhand area. New townships in seven cities—Gorakhpur, Bareilly, Bulandshahar, Agra, Aligarh, Jhansi and Chitrakoot—may even be acquired.

Whereas the key chunk of Rs 5,000 crore can be spent on Bundelkhand land by the proposed Bundelkhand Industrial Growth Authority (BIDA), the remaining portion of Rs 1,000 crore can be incurred on new townships.

The acquisition is along with related measures being taken by different industrial improvement authorities and the housing board in different districts, a senior official stated.

In the meantime, UP industrial improvement minister Nand Gopal Gupta Nandi stated that the federal government was toeing the road of ‘reform-perform-transform’ to alter the event panorama of the state.

“The state had netted more than 1,000 investment proposals worth Rs 3.75 trillion for Bundelkhand region at the UP Global Investors Summit 2023 in February. To accelerate the development journey in the region, the BIDA blueprint has been drawn up,” he added.

A current UP cupboard assembly had cleared the proposal of injecting Rs 8,000 crore in numerous industrial improvement authorities, of which the utmost Rs 5,000 crore can be pumped in for BIDA alone.

An extra Rs 1,000 crore has been allotted for brand new townships, of which Gorakhpur would obtain the utmost Rs 400 crore for land acquisition, adopted by Agra and Aligarh at Rs 150 crore every.

The Yogi authorities is planning to develop 100 new townships with the assistance of personal buyers to spice up financial improvement and create jobs. 

Earlier this 12 months, the state claimed to have acquired proposals from virtually 450 non-public buyers for the bold new townships roadmap.

The brand new townships can be developed within the periphery of massive cities to decongest city centres and synergise improvement, financial actions, housing, and job market.

In addition to, the state is within the means of rationalising constructing bylaws to facilitate greater vertical actual property development.

On the similar time, the non-public funding proposals within the pipeline entail acquisition of about 1,500 acres of land for organising industrial models throughout 75 districts.

UP chief minister Yogi Adityanath has instructed UP industrial improvement authorities to make sure that land acquisition course of was accomplished in a seamless method.

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